If you're interested in deriving national income, add up
a. compensation for employees, interest, rent, corporate profit, and proprietors' income
b. compensation for employees, interest, rent, corporate profit, and transfer payments
c. compensation for employees, interest, rent, proprietors' income, and indirect business taxes
d. compensation for employees, interest, rent, corporate profits, and capital depreciation
e. compensation for employees, rent, corporate profits, proprietors' income, and transfer payments
A
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An increase in a retailer's "overhead expenses"
A) compels the retailer to raise prices. B) enables the retailer to raise prices. C) makes it profitable for the retailer to raise prices. D) does not in itself make higher prices necessary, possible, or profitable.
Describe the holdout problem with emphasis on how it might lead to resource being allocated inefficiently. Give three private ways to possibly overcome the holdout problem
What will be an ideal response?